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Vitter Puts 'Too Big to Fail' on the Table

NEW YORK (TheStreet) -- Sen. David Vitter (R., La.) is open to discussion about changes to his proposed "Too Big to Fail" bill.

The U.S. Senator said an attractive feature of the bill he co-authored with Sen. Sherrod Brown (D., Ohio) would be the discussion he hopes it attracts about issues such as risk-weighting assets -- a regulation of the well-known Dodd-Frank Act and Basell III that requires the riskier the asset the more capital a bank has to put behind the asset.

"Well look, we're open for discussion with anybody about anything," Vitter told TheStreet in an interview. "I think there's a widespread and growing recognition that at least a version of risk-weighting talked about now can really be gamed, is being gamed."